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there is a noise exception right now, though as we welcome president obama and governor romney. [ cheers and applause ] >> jim. >> gentlemen, welcome to you both. let's start the economy segment 1, and let's begin with jobs. what are the major differences between the two of you about creating new jobs? you have two minutes -- each of you have two minutes to start. a coin toss has been determined mr. president you go first. >> obama: thank you very much for this opportunity. i want to thank governor romney and the university of colorado for your hospitality. 20 years ago i became the luckiest man on earth because michelle obama agreed to a marry me. so i just want to wish sweety you happy anniversary, and let you know a year from now we will not be celebrating it in front of 40 million people. [ laughter ] >> obama: four years ago we went through the worst financial crisis since the great depression. millions of jobs were lost the auto industry was on the brink of collapse the financial system has frozen up and because of the resilience and determination of the american people we have beg
there is a noise exception right now, though as we welcome president obama and governor romney. [ cheers and applause ] >> jim. >> gentlemen, welcome to you both. let's start the economy segment 1, and let's begin with jobs. what are the major differences between the two of you about creating new jobs? you have two minutes -- each of you have two minutes to start. a coin toss has been determined mr. president you go first. >> obama: thank you very much for this opportunity. i...
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there's enormous pressure on president obama and governor romney right now. we're asking debate watchers, those who watched the debate to the history books. tonight, just like we will after every upcoming debate, we're breaking it down, issue by issue. this means more talk from the candidate on a particular topic. looking at some of the totals, we'll show you what's going on. but, first, here are some of the highlights from the first presidential debate. >> what things would i cut from spending? first of all, i will eliminate all programs by this test. if they don't pass it. is the program so critical, it's worth boring money from china to pay for it? obama care is on my list. i apologize mr. president. jim, i'm sorry, i had stop the subsidy to pbs. i love big bird, like you too. but i won't keep on spending money to borrow money from china to pay for. i'll take programs that are currently good programs but could be run more efficiently at the state level and send them to state. and make government more efficient, cut back the number of employees, combine age
there's enormous pressure on president obama and governor romney right now. we're asking debate watchers, those who watched the debate to the history books. tonight, just like we will after every upcoming debate, we're breaking it down, issue by issue. this means more talk from the candidate on a particular topic. looking at some of the totals, we'll show you what's going on. but, first, here are some of the highlights from the first presidential debate. >> what things would i cut from...
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so romney was right. but on medicaid, where romney said it wasn't wouldn't be a cut twould be inflation plus 1% and obama said it would be a 30% cut. there was an independent study by bloomberg. they say that romney's medicaid proposal, $1.26 trillion loss in medicaid over 10 years under the romney plan. so there were facts and some loose arguing of the facts am but an interesting debate. i am not sure a game changer, but a good night for romney, a little less so for the president. >> thank you. bret, at the beginning of the show, you were jealous of me because i was with the action and now you are with the action. >> yes. chris wallace has good analysis and he can pick good times. coming up, charles krauthammer on who came out on top. he joins us after this break. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so
so romney was right. but on medicaid, where romney said it wasn't wouldn't be a cut twould be inflation plus 1% and obama said it would be a 30% cut. there was an independent study by bloomberg. they say that romney's medicaid proposal, $1.26 trillion loss in medicaid over 10 years under the romney plan. so there were facts and some loose arguing of the facts am but an interesting debate. i am not sure a game changer, but a good night for romney, a little less so for the president. >>...
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and hard pressed states right now can't all do that. we've seen layoffs of hundreds of thousands of teachers over the last several years and governor romney doesn't think we need more teachers. i do. because i think that that is the kind of investment where the federal government can help. they can't do it all but it can make a difference and as a consuence we'll have a better trained work force and that will create jobs because companies want to locate in places where we have a skilled work force. >> two minutes, governor, on the role of government. >> massachusetts, our schools are ranked number one in all 50 states. the key to great schools is great teachers. every school district, every state, should make that decision on their own. the role of government, look behind us. the constitution and declaration of independence. the role of government is to promote and protect the principles of those documents. first, life and liberty. we have a responsibility to protect the lives and liberties of our people. that means the military second
and hard pressed states right now can't all do that. we've seen layoffs of hundreds of thousands of teachers over the last several years and governor romney doesn't think we need more teachers. i do. because i think that that is the kind of investment where the federal government can help. they can't do it all but it can make a difference and as a consuence we'll have a better trained work force and that will create jobs because companies want to locate in places where we have a skilled work...
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that is the new focus on the right. romney was making that point. >> forgive me. that is it a complete misinterpretation. i sat there with all due respect. >> you do not have all due respect for me. >> go ahead. >> hospitality. >> you are eating up time here. ok, it is my turn to talk now. >> there is a distinction -- you overlook the distinction. tax rates and tax revenue. when romney is saying -- how plane can i make it? we are going to cut rates. we are not going to reduce the amount of revenue. exactly as what happened in 1986 with the reagan tax reform. you cut the rates, you eliminate deductions, and you end up with the same amount of revenue. it is what was recommended in the commission that obama had appointed. >> there is study after study after study that says even if he succeeded in doing that, it is not enough to achieve the targets we're talking about. what is interesting is, you never ar romney say, no new taxes. you do not hear him say that. >> colby? >> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax.
that is the new focus on the right. romney was making that point. >> forgive me. that is it a complete misinterpretation. i sat there with all due respect. >> you do not have all due respect for me. >> go ahead. >> hospitality. >> you are eating up time here. ok, it is my turn to talk now. >> there is a distinction -- you overlook the distinction. tax rates and tax revenue. when romney is saying -- how plane can i make it? we are going to cut rates. we are...
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i think you're right, certainly i think that plitt romney will be very claesed with the night. you look at the twitter verse, some democrats think the president seemed a little listless here. certainly when you think about it, mitt romney needed to come in here and make an impression. we'll see in the days ahead whether he did. but certainly i can assure you in the spin room right now, republicans are making the case that he did, in fact, make that impression. anderson. >> no doubt about that. reaction already pouring in. and we'll be taking the temperature of a lot of different groups over the next hour and a half. we have our analyst and reporters and cnn contributors. a quick reading right now. john king, david gergen. >> look at e-mails, conversations during the debate. twitterverse, republicans very happy, including the top team around mitt romney. liberals complaining about the president's performance. without a doubt, participating in republican primary debates helped mitt romney, the president was rusty. hasn't done this in four years. that's not an excuse as james said
i think you're right, certainly i think that plitt romney will be very claesed with the night. you look at the twitter verse, some democrats think the president seemed a little listless here. certainly when you think about it, mitt romney needed to come in here and make an impression. we'll see in the days ahead whether he did. but certainly i can assure you in the spin room right now, republicans are making the case that he did, in fact, make that impression. anderson. >> no doubt about...
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, what is the difference -- romney: but i -- right, right. >> moderator: let's just stay on taxes for a moment. romney: virtually everything he said about hi many tax plan is inaccurate. if i was asked to support it, i'd say absolutely not. i'm not looking for a $5 trillion tax cut. what identify said is i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. number two, i will not reduce the share paid by high-income individuals. i know you and your running mate keep saying that, but it's just not the case. look, i've got five boys. i'm used to people saying something that's not always true but just keep on repeating it and ultimately hoping i'll believe it. [laughter] that is not the case. i will not reduce the taxes paid by high-income americans. and number three, i will not under any circumstances raise taxes on middle income families. i will lower taxes on middle income families. now, you cite a study. there's six other studies that lo
, what is the difference -- romney: but i -- right, right. >> moderator: let's just stay on taxes for a moment. romney: virtually everything he said about hi many tax plan is inaccurate. if i was asked to support it, i'd say absolutely not. i'm not looking for a $5 trillion tax cut. what identify said is i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit...
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there is a noise exception right now, though, as we welcome president obama... and governor romney. [cheers and applause] >> reporter: gentlemen, welcome to you both. let's start with the economy. segment one. and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs. each of you have two minutes to start. a coin toss has determined, mr. president, gufirst. >> thank you very much, jim, for this opportunity. i want to thank governor romney and the university of denver for your hospitality. there are a lot of points i want to make tonight, but the most important one is that 20 years ago, i became the luckiest man on earth because michelle obama agreed to marry me. and so i want to wish, sweetie, you happy anniversary and let you know that a year from now, we will not be celebrating it in front of 40 million people. four years ago, we went through the worst financial crisis since the great depression. millions of jobs were lost. the auto industry was on the brink of collapse. the financial system had frozen up. and b
there is a noise exception right now, though, as we welcome president obama... and governor romney. [cheers and applause] >> reporter: gentlemen, welcome to you both. let's start with the economy. segment one. and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs. each of you have two minutes to start. a coin toss has determined, mr. president, gufirst. >> thank you very much, jim, for this opportunity. i want...
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joy, this is a bad place for romney to go. >> this was the one bone to romney threw to the far right. they have this obsession with
joy, this is a bad place for romney to go. >> this was the one bone to romney threw to the far right. they have this obsession with
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(applause) >> romney's right. you guys are like the 47% who are depending on the government to deport people. is that why you like obama because obama has supported a ton of you people. -- deport add ton of you people. >> well, president barack obama has deported more immigrants than any president in the history of the united states. >> stephen: so you get a free ride to the border. (laughter) >> what i would say is immigrants contribute much more to this country than what people might think. undocumented immigrants pay taxes and do the jobs-- >> they are criminals, they're illegals. they broke the law. you know the law? they broke the law. if you break the law you're a criminal, jorge. >> at the same time there are millions of americans who benefit from their work and thousands of american companies who hire them. and we don't call them illegal so we have to talk about co-responsibility. they are here because we benefit from the work. (applause) >> stephen: i don't have a comeback for that so they'll edit it out
(applause) >> romney's right. you guys are like the 47% who are depending on the government to deport people. is that why you like obama because obama has supported a ton of you people. -- deport add ton of you people. >> well, president barack obama has deported more immigrants than any president in the history of the united states. >> stephen: so you get a free ride to the border. (laughter) >> what i would say is immigrants contribute much more to this country than...
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president barack obama, governor mitt romney are standing by in the wings right now and jofgeor it is hard to imagine the pressure on them. as many of 60 million of us could be watching tonight. >> first of three debates. and the first debates almost always help the challenger. mitt romney needs it. it's a tight race, he's behind. >> and tonight, to cover it all, our team, inside the debate hall. and keeping watch in our fact check desk, and also, with us right here in the studio, the insiders from both parties, ready to weigh in on who woman and the big moments we'll remember tomorrow. >> the moderator tonight, jim lehrer from pbs. he's moderat 12 debates, more than anybody else. here he is right now. >> good evening, from the magnus arena at the university of denver in denver, colorado. i'm jim lehrer of the pbs news hour and i welcome you to the first of the 2012 presidential debates, between president barack obama, the democratic nominee, and former massachusetts governor mitt romney, the republican nominee. this debate, and the next three, two presidential, one vice presidential,
president barack obama, governor mitt romney are standing by in the wings right now and jofgeor it is hard to imagine the pressure on them. as many of 60 million of us could be watching tonight. >> first of three debates. and the first debates almost always help the challenger. mitt romney needs it. it's a tight race, he's behind. >> and tonight, to cover it all, our team, inside the debate hall. and keeping watch in our fact check desk, and also, with us right here in the studio,...
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said this on television, but need is right. she actually stumbled on the truth. obama is not a good debater. it is not that obama was off his game. that is his game. he does not have a prompter, he is not good. you see this in press conferences, where he does not have a prompter. he had never been good at press conferences. he rambles, the press is always unimpressed with him. this was a situation where yet more control of the debate, because he picks the questionnaire, and he can decide how long he wants to take for the answer. his only advantage in the next debate will be this. it will be in a town hall. he has got more ability to connect with an audience than romney. he will have an advantage in the second debate that he did not have been the first. >> would you rather be good or lucky? 7.8% unemployment rate. that is pretty good news. >> unless you look at the actual numbers. if you look at those with new jobs, about 114,000. you have to have 150,000 to stay at the same rate. what has been happening is you have people leavi
said this on television, but need is right. she actually stumbled on the truth. obama is not a good debater. it is not that obama was off his game. that is his game. he does not have a prompter, he is not good. you see this in press conferences, where he does not have a prompter. he had never been good at press conferences. he rambles, the press is always unimpressed with him. this was a situation where yet more control of the debate, because he picks the questionnaire, and he can decide how...
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that is right. mitt romney wants to fire big bird. capella university understands businesses are trying to come back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the knowledge to go further in your career than you ever thought possible. let's get started at capella.edu >>> john mccain has been dead wrong on the fundamental issues relating to the conduct of the war. barack obama has been right. they are the facts. >> in the spotlight tonight the next debate. at this exact moment one week from now vice president joe biden and paul ryan will be hugging their families on a stage where they will have completed their debate. >> what i have been doing mostly is studying up on congressman ryans positions on the issues. and governor romney has embraced everything i can see. i don't want to say anything in the deb
that is right. mitt romney wants to fire big bird. capella university understands businesses are trying to come back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the knowledge to go further in your career than you ever thought possible. let's get started at...
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so rich people pay less under romney and more under obama. that is the ultimate answer, right? >> the ultimate answer is if either one get their proposals through. and one of the way our economy grows is if rich people have more money, they hire more people. you should not raise taxes when the economy is in trouble. our economy is in more trouble today. the growth rate last week was a pathetic at 1. 2%. >> very much for your time tonight. >> thank you. >> we finally get to the issue that rich people need the money because they create the jobs. i want to bring in ed and al and steve and chris back into this discussion. i want to bring back chris matthews in denver in terms of hearing the republican spin on this. seeing what seems to be real democratic frustration on this. we're hearing already in terms of the different responses. the romney side is proclaiming victory. the obama campaign does not seem to be doing that. chris? >> when you read "the new york times" tomorrow, you'll see a side bar, strong night for romney. i think it's an objective -- it may be theater, but this is
so rich people pay less under romney and more under obama. that is the ultimate answer, right? >> the ultimate answer is if either one get their proposals through. and one of the way our economy grows is if rich people have more money, they hire more people. you should not raise taxes when the economy is in trouble. our economy is in more trouble today. the growth rate last week was a pathetic at 1. 2%. >> very much for your time tonight. >> thank you. >> we finally get...
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it really is stunning to try to fact check romney, right? >> the one that got me was the revenue reducing tax cut, and talk about this resulting growing of the base and, you know, it's -- it's so interesting that -- that the revenue-neutral concept is pretty much just nomenclature they are suggesting that as the tax base grows, in the future we'll recover revenues and therefore the tax cut will be paid for. well that sounds an awful lot like the bush recession, where they fought two wars that weren't on line, they gave tax cuts to the primarily upper levels, and didn't have a funding mechanism and then wonder idea we as a economy crashed. it was the same order of thinking. give the tax cut but don't worry about paying for it. that sounds like recent history repeated. >> stephanie: right. >> i just think we're going into the danger zone. >> stephanie: obviously facts and numbers supporting the president, including the unemployment rate falling to 7.8%. that's huge news, isn't it? >> i think it's great news. knowing that 7.8% is the lowest it
it really is stunning to try to fact check romney, right? >> the one that got me was the revenue reducing tax cut, and talk about this resulting growing of the base and, you know, it's -- it's so interesting that -- that the revenue-neutral concept is pretty much just nomenclature they are suggesting that as the tax base grows, in the future we'll recover revenues and therefore the tax cut will be paid for. well that sounds an awful lot like the bush recession, where they fought two wars...
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. >> right. thank you both for joining me tonight. >> thanks. >> coming up. the republican voter suppression strategy in pennsylvania suffered a big loss in court today. joy reid will join me on that. by bright eyes you're not just looking for a house. you're looking for a place for your life to happen. it will be a dollar saved by somebody who switched to esurance. like, dollar karma. being online, esurance saves dollars that come back as more dollars for you. esurance. now backed by allstate. click or call. esurance. now backed by allstate. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> i could have shown mitt romney months ago how to win tomorrow's debate. but i waited until tonight because i know it's way too late to try to teach mitt romney new lines for
. >> right. thank you both for joining me tonight. >> thanks. >> coming up. the republican voter suppression strategy in pennsylvania suffered a big loss in court today. joy reid will join me on that. by bright eyes you're not just looking for a house. you're looking for a place for your life to happen. it will be a dollar saved by somebody who switched to esurance. like, dollar karma. being online, esurance saves dollars that come back as more dollars for you. esurance. now...
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romney is up right. >> here barack obama is dropping his focus. he's beginning to drop away from mitt romney. and here he comes down to his paper. >> reporter: she says president obama dropped his posture often, especially late in the debate. that was a signal to many viewers that romney got the better of him. brian todd, cnn, washington. >>> a sharp drop in the jobless rate. what does it mean for president obama and the economy? that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. >>> it's not an october surprise, but certainly some welcome news for the obama white house, waging what has been an uphill battle against unemployment. this week the labor department reported the jobless rate fell sharply in september to 7.8%. that's the same level it was when president obama took
romney is up right. >> here barack obama is dropping his focus. he's beginning to drop away from mitt romney. and here he comes down to his paper. >> reporter: she says president obama dropped his posture often, especially late in the debate. that was a signal to many viewers that romney got the better of him. brian todd, cnn, washington. >>> a sharp drop in the jobless rate. what does it mean for president obama and the economy? that's the power of human resources. the...
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he's ridiculing mitt romney right now. let's listen in. >> don't want what he's been selling over the last year. governor romney may dance around his positions. he may do a tap dance and a two-step, but if you want to be president, then you owe the american people the truth. so here's the truth. governor romney cannot pay for his $5 trillion tax plan without blowing up the deficit or sticking it to the middle class. we can't afford to go down that road again. we can't afford another round of budget busting tax cuts for the wealthy. we can't afford to gut our investments in education or clean energy or research or technology. we can't afford to roll back regulations on wall street banks or oil companies or insurance companies. we can't afford to double down on the same topdown economic policies that got us into this mess. that is not a jobs plan. it's not a plan for our economy. it's not a plan to strengthened middle class. it is not change. it is a relapse. and we're not going to do it. we have been there. we have tried th
he's ridiculing mitt romney right now. let's listen in. >> don't want what he's been selling over the last year. governor romney may dance around his positions. he may do a tap dance and a two-step, but if you want to be president, then you owe the american people the truth. so here's the truth. governor romney cannot pay for his $5 trillion tax plan without blowing up the deficit or sticking it to the middle class. we can't afford to go down that road again. we can't afford another round...
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romney continues to be on the defense. romney was testy. >> they did not mention the 47%. >> that was not a deliberate decision from the romney campaign -- from the obama campaign not to mention that. what is important is you are sitting on your couch in denver or des moines or charlotte and listening to the clear difference between the two candidates and that's what you got tonight and that's what will be good for the president. >> [indiscernible] >> i think we have continued to lay out a clear vision on how to move this country fort. >> what will the schedule before the republicans? and what about ohio? >> we feel great about ohio. be aalways going to battleground state. we will continue to go there. i think that will be difficult for romney. >> he supports medicare vouchers. he thinks we can add $7 trillion to the debt before we even get to our debt problem that now exists. i think people are smarter. i think governor romney plays the american people cheap. i think his problems were clear. >> [inaudible] -- drone strike
romney continues to be on the defense. romney was testy. >> they did not mention the 47%. >> that was not a deliberate decision from the romney campaign -- from the obama campaign not to mention that. what is important is you are sitting on your couch in denver or des moines or charlotte and listening to the clear difference between the two candidates and that's what you got tonight and that's what will be good for the president. >> [indiscernible] >> i think we have...
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on education, on the right way to fix the deficit. romney's approach is the wrong approach. taxes, on deficit, on wall street reform and medicare on mk. and we think that voters are taking this election very seriously. taking the middle class of the country and i do think the president made very clear that we're rebouning from a recession. we're making progress. but there's no progress to be made and if we go back to trickle down economics which is all romney's offering, that the middle class will be harmed and it's going to marme our economy. >> one last question for you and it is a little bit on the style of this and i realize that you're a policy guy as much as you are a candidate guy but i do have to ask you to be candid on the. was there a deliberate strategy on your part to tell the president to not attack mitt romney? he never talked directly to mitt romney and told him that he was being wrong about things. the one time he got closest to that when he said -- your strategy right now is to say "never mind" about your previous tack plan. that's as close as they got to ta
on education, on the right way to fix the deficit. romney's approach is the wrong approach. taxes, on deficit, on wall street reform and medicare on mk. and we think that voters are taking this election very seriously. taking the middle class of the country and i do think the president made very clear that we're rebouning from a recession. we're making progress. but there's no progress to be made and if we go back to trickle down economics which is all romney's offering, that the middle class...